Is it true that consumer finance sends a text message saying that malicious arrears will come to you?

If they are really in arrears, then the news is true, because they all have personal information, especially their home addresses. If consumer finance has never been involved, then this text message is fake. It is normal for people who owe money and don't accept it. After all, financial institutions are engaged in risk. Once you borrow money and don't pay them back, they will definitely try their best to get them to pay back.

First, it is normal for lending institutions to collect money at home.

Under normal circumstances, lending institutions will have their own collection procedures. If the borrower is overdue, these lending institutions will generally follow the following procedures for collection.

Within one month after the deadline, it will be collected mainly by SMS and telephone.

In loans overdue, the frequency of text messages and phone calls will be more frequent for more than one month and less than three months. At the same time, they will send some lawyer's letters or court summons to the debtor (of course, many of these lawyer's letters or court summons are false). In addition, at this stage, some non-performing lending institutions will even contact the relevant contacts of borrowers.

Overdue for more than three months, and the amount is relatively large, then these lending institutions may come to collect. Of course, for institutions such as consumer finance, they have businesses all over the country, and mainly conduct business online, so their collection work is basically entrusted to local third-party collection agencies. If your overdue amount is relatively large, and the overdue time is more than three months, it is very likely that someone will collect it.

Two, the lending institutions must be in accordance with laws and regulations, can not use violent means of collection.

However, at present, the collection work of financial institutions such as consumer finance is generally entrusted to third-party institutions, especially for customers who are overdue for a long time. These consumer financial institutions may directly package these bad debts and sell them to other third-party companies at a relatively low price, so that third-party companies may adopt violent collection methods.

At present, the state has cracked down on the loan industry very severely, and lending institutions dare not violate the rules too much. Over the past year or so, China has been cracking down on all kinds of illegal loans from the public security departments to the regulatory authorities. The whole country is vigorously rectifying various illegal loans such as consumer loans, cash loans and routine loans. Up to now, a number of cash loan platforms and routine loan platforms have been terminated by the police.